Interest Rate Calculator 5.0
Paid Version
Publisher Description
This application allows you to calculate the values of a loan, including interest rate.
It is always difficult to verify the effective interest rate, because the calculation requires mastery of financial calculator.
For example, funding of $ 10,000 in 10 installments of $ 1,100 generates a total of $ 11,000 and an interest "apparent" of $ 1,000 or 10%. But the payments are monthly and so the calculation can not be done this way.
Interest in the above example would be 10% if $ 11,000 were paid in full at the end of 10 months. But we pay monthly. So the Annual equivalent Rate of this example is about 24%!
This application will quickly calculate the interest rate and will also allow the calculation of other factors, if the interest rate is already known.
The calculation of the interest rate is always done by approximation, and in this application, we use the Newton-Raphson method. Therefore, depending on the inputed values, the calculation may take a few seconds.
About Interest Rate Calculator
Interest Rate Calculator is a paid app for Android published in the Other list of apps, part of Business.
The company that develops Interest Rate Calculator is Flavio Cobucci. The latest version released by its developer is 5.0. This app was rated by 1 users of our site and has an average rating of 4.0.
To install Interest Rate Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2011-08-28 and was downloaded 31 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Interest Rate Calculator as malware as malware if the download link to appinventor.ai_flaviox27.CalcRate is broken.
How to install Interest Rate Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Interest Rate Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Interest Rate Calculator will be shown. Click on Accept to continue the process.
- Interest Rate Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
